Richard Moglen of TraderLion and Brian Shannon, the founder of alphatrends.net and author of his new trading book, Maximum Trading Gains with Anchored VWAP (Amazon, Google Books, Apple Books or Barnes and Noble), sit down and discuss Anchored VWAP (AVWAP) and the current market.
Brian provides examples of AVWAP in action and how he has used AVWAP in his own trading, including a trade on Apple (AAPL). He also discusses his approach to market analysis and how he interprets different charts to better understand the market in real-time.
Brian continues sharing his advice against buying pullbacks to certain levels and instead, waiting for specific patterns to emerge before buying. For example, the direction of the 20-day moving average is more important than whether it’s above or below it. Brians shares how he is aware of the touches of those VWAP, and confirmation that the average long from the highest point paid is now filling in a good spot. Watch the video to learn more!